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By GeneralStrike to end Corruption
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Is America BROKE?

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The year was 1982 and America was the largest creditor nation on earth. By 2005, the U.S. was the largest debtor nation on earth. In 1980, the national debt had yet to eclipse the $1 trillion mark and had accumulated around $850 billion during the first 204 years of this republic. By 2007 or 24 years later, our debt had risen to more than $7 trillion and continues straight up. Today, The U.S. government reports its debt at more than 17 trillion dollars, China alone purchases in excess of $1 billion per day of our debt. Japan owns billion and billions of U.S. debt instruments as do the Arabs and so on. But, these are reasonable countries and I believe that they would understand that we are broke and just forgive all of those billions; right after we gave them California and Yellowstone Park. So far, I have been talking about funded debt. Unfunded debt is $127 trillion at current levels…and rising hourly. This is the debt that we owe to ourselves in the way of Medicare, Social Security, government retirements and so on. In other words, promises that can’t be kept and so they won’t. As a reminder, the unfunded debt is greater than the total wealth of all American households. Many people want to blame one administration or another because that’s easy. It isn’t true, it’s not any one administration, the system isn’t broke, it’s rigged.
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This is a form of destructive economic management at a level of graft & corruption that has NO parallel. There’s nothing comparable to that in history.

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They want YOU and YOUR family to make more sacrifices, AGAIN! Another option though would be to simply remove the republicans and democrats from office before they destroy the whole country. Why tolerate a two party system that allows this huge monstrous corruption without any penalties to the guilty parties. Take the banking crisis as an example, both republicans and democrats took money to change the banking laws. And the free market would’ve allowed bad banks to go under but the government rushed in with a bail-out making gross Wall Street bonuses possible for the filthy rich who caused the mess. Politicians from both parties are only supporting the most criminal and corrupt segments of our society and making us pay for their crimes! Voting only ensures the continuation of one corrupt party or the other, revolution restores justice and liberty.
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As the administration and Congress argue over cuts in social programs, inequality in America grows more extreme each day. Even the great financial crash didn’t derail this trend. The richest 400 Americans, for example, increased their wealth by 54 percent between 2005 and 2010, while the median middle-class family saw its wealth decline by 35 percent.
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It’s not the result of mysterious global forces, or technology, or China, or structural problems concerning the skills and education of our workforce.  Rather, it is the direct result of policy choices made by Democrats and Republicans alike.
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The bailouts resurrected high finance and the inequality it inevitably spawns. Instead of putting our foot back on the neck of finance, we’re talking about slashing social programs. Rather than dramatically increasing taxes on the super-rich through a wealth tax, we’re debating how to slash Social Security and Medicare benefits.
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The U.S. policy (includes tax policy, financial deregulation, trade policy, anti-labor policy, and much more.) for the past 30 years has been aggressively dedicated to shifting income share away from the poor and middle class and into the pockets of the already rich.
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During an era in which the rich were getting richer anyway, we deliberately set out to reduce their tax burdens so that they could become even richer.
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• In 2010, the top hedge fund manager earned as much in one HOUR as the average (median) family earned in 47 YEARS.
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• The top 25 hedge fund managers in 2010 earned as much as 658,000 entry level teachers.
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• In 1970 the top 100 CEOs made $40 for every dollar earned by the average worker.  By 2006, the CEOs received $1,723 for every worker dollar.
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As Citizens for Tax Justice and USPIRG reported, 280 large and profitable corporations contributed $216 million to Congressional campaigns over four election cycles and got nearly a quarter of a trillion dollars in tax breaks.
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That’s a terrific investment for them – a return of more than a thousand to one – but it’s a bad deal for the American people.
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You and I, however, cannot compete with the money corporations spend to buy off congress, (i.e. our politicians) and voting only replaces one corrupt party with the other corrupt party.
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The official, or “statutory,” corporate tax rate is 35 percent. But the actual rate paid by American corporations is only 12 percent, less than that paid by many middle-class Americans.
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In fact, US Corporations pay less tax as a percentage of the GDP than corporations in Canada. Or Japan, South Korea, Norway, Luxembourg, New Zealand, Israel, the Czech Republic, Sweden, Belgium, Switzerland, the United Kingdom, Denmark, Finland, and Italy.
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(Source: OECD StatsExtract interactive database.)
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Tax breaks for Exxon Mobil: $4.1 billion between 2008 and 2010. The company paid no taxes at all in 2009.)
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In 2010, corporate giant GE made a profit of $14.2 billion but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore. In fact, GE got a $3.2 billion tax benefit.
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The 10 most profitable U.S. companies paid an average federal tax rate of just 9 percent last year. The group includes heavyweights Exxon Mobil, Apple, Microsoft, JPMorgan Chase and General Electric.
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Daily we see that an elected body can trample rights the same as a sitting monarch or dictator.
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The soft tyranny we endure now on a daily basis has turned scores of Americans into reluctant activists, no longer satisfied with participation in mundane “demonstrations” that prove and accomplish nothing.
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We live in a time when elected politicians ignore the needs of their constituents; where the judiciary and police institutions will not uphold the rights of citizens; where the media are afraid to report the truth; where lawlessness abounds and ordinary people are left unprotected and defenseless against the rapacity of a few. The answer to our dilemma is for people of courage to actively help each other.
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Unions, corporations and the major parties have failed to deal with pressing matters of war and peace, income inequality, crime and punishment and the meaning of citizenship itself. It has fallen to the American people to set things right!
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“Government is instituted for the common good; for the protection, safety, prosperity, and happiness of the people; and not for profit, honor, or private interest of any one man, family, or class of men; therefore, the people alone have an incontestable, unalienable, and indefeasible right to institute government; and to reform, alter, or totally change the same, when their protection, safety, prosperity, and happiness require it.” -John Adams, Thoughts on Government, 1776

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Individually we find that we are powerless. Our choices are limited. Our effectiveness diminished.
 
Republicans, Democrats, Independents and non-voters UNITE. You’re Americans first!
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Only if we unite can we succeed. That is the only way. There is no other way. People, get up, stand up! ORGANIZE!
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Send this URL to your friends, mention it with links in your comments. PROMOTE IT:
http://generalstrikeusa.blogspot.com/



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